Tag: Strategy
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Understanding how the IT budget process fit into the overall corporate finance is essential to grasp the big picture. The following figure illustrates how the IT G&A operating budget fits into the over all corporate finance. IT organization must decide the technique suitable for the budget cycle. To select the best suited techniques the organization…
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I observed few management team members got into the trap of making management in business, a precision engineering. Philosophically, I completely differ that management in business can’t be precise in a corporate environment. Due to office dynamics, politics, internal and external uncertainties, management in business is all about approximation but not perfection. In most of…
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IT vendor risk management is a component of over all IT risk management. In my previous blog on over all IT risk management, there is a comment from pmhut to expand each component of the IT risk management. Let me expand my thoughts on IT vendor risk management and provide a framework to develop the IT vendor risk…